##### 



EXHIBIT 8
 SUBSIDIARIES, EQUITY METHOD INVESTMENTS, AND OTHER INVESTMENTS
 Name and location of companyI. SubsidiariesGERMANYSAP Deutschland AG & Co. KG, WalldorfSAP Systems Integration AG, Dresden 2),3)SAP Hosting AG & Co. KG, St. Leon-RotSteeb Anwendungssysteme GmbH, AbstattSAP Passau GmbH & Co. KG, PassauVirsa Deutschland GmbH, Walldorf 1),2)SAP Beteiligungs GmbH, WalldorfSAP Projektverwaltungs und Beteiligungs GmbH, Walldorf 2)SAP Dritte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 1),2)SAP Portals Europe GmbH, Walldorf 2)SAP Beteiligungsverwaltungs GmbH, WalldorfSAP Investment- und Beteiligungs GmbH, WalldorfeSAP Beteiligungs GmbH, WalldorfSAP Hosting Beteiligungs GmbH, St. Leon-RotSAP Foreign Holdings GmbH, WalldorfSAP Vierte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 1)SAP Consulting Beteiligungs GmbH, WalldorfSAP Zweite Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 1)SAP Portals Holding Beteiligungs GmbH, Walldorf 2)SAP Erste Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 1)SAP Retail Solutions Beteiligungsgesellschaft mbH, WalldorfREST OF EUROPE, MIDDLE EAST, AFRICASAP (UK) Limited, Feltham, Great BritainSAP France S.A., Paris, FranceSAP (Schweiz) AG, Biel, SwitzerlandS.A.P. ITALIA Sistemi Applicazioni Prodotti in data processing S.p.A., Milan, Italy 2)S.A.P. Nederland B.V., s-Hertogenbosch, The Netherlands 2)




---



##### 



SAP Österreich GmbH, Vienna, AustriaSAP España Sistemas, Aplicaciones y Productos en la Informática, S.A., Madrid, Spain 2)Limited Liability Company SAP CIS, Moscow, RussiaSYSTEMS APPLICATIONS AND PRODUCTS IN DATA PROCESSING (NV SAP BELGIUM SA), Brussels, Belgium 2)SAP Danmark A/S, Copenhagen, DenmarkSystems Applications Products (Africa) (Pty) Ltd, Johannesburg, South AfricaSAP ČR, spol. s. r.o., Prague, Czech RepublicSAP Svenska Aktiebolag, Stockholm, SwedenSAP Finland Oy, Espoo, FinlandSAP Norge AS, Lysaker, NorwaySAP Portugal  Sistemas, Aplicações e Produtos Informáticos, Sociedade Unipessoal, Lda., Paço de Arcos, PortugalSAP SSC (Ireland) Limited, Dublin, IrelandSAP Portals Israel Ltd., Raanana, Israel 2)SAP Hungary Rendszerek, Alkalmazások és Termékek az Adatfeldolgozásban Informatikai Kft, Budapest, HungarySAP Public Services (Pty) Ltd, Johannesburg, South Africa 2)SAP Polska Sp. z o.o., Warsaw, PolandSAP Labs Israel Ltd., Raanana, IsraelSAP Slovensko s.r.o., Bratislava, SlovakiaSAP Türkiye Yazilim Üretim ve Ticaret A.S., Istanbul, TurkeySAP HELLAS SYSTEMS APPLICATIONS AND DATA PROCESSING S.A, Athens, GreeceSAP LABS France S.A.S., Mougins, FranceSAP Business Services Center Europe s.r.o., Prague, Czech RepublicLimited Liability Company SAP Ukraine, Kiev, UkraineSAP Ireland Limited, Dublin, IrelandSAP Slovenia d.o.o., Ljubljana, SloveniaSAP Labs Bulgaria EOOD, Sofia, BulgariaSAP d.o.o., Zagreb, CroatiaSAP Kazakhstan LLP, Almaty, KazakhstanSAP Romania SRL, Bucharest, RomaniaSAP BULGARIA EOOD, Sofia, Bulgaria 2)SAP Manage Ltd, Raanana, IsraelSAP EMEA Inside Sales S.L., Barcelona, Spain 1)TomorrowNow (UK) Ltd., Feltham, Great Britain 2)SAP West Balkans LLC, Belgrade, Yugoslavia 1)Systems Applications Products Nigeria Limited, Abuja, Nigeria 2)SAP CYPRUS LTD, Nicosia, Cyprus 2)TomorrowNow Nederland B.V., Amsterdam, The Netherlands




---



##### 



Virsa Systems Limited, Berkshire, Great Britain 1),2)Khimetrics LTD, London, Great Britain 1), 2)SAP Commercial Services Ltd., Valetta, Malta 1)SAP Malta Investments Ltd., Valetta, Malta 1)SAP Public Services BEE Investment Trust (Pty) Ltd i.L. Johannesburg, South Africa 2)Ithinqcom (Pty) Ltd, Johannesburg, South Africa 2)Ambin Properties (Pty) Ltd, Johannesburg, South Africa 2)AMERICASSAP America, Inc., Newtown Square, Pennsylvania, USASAP Labs, LLC, Palo Alto, California, USA 2)SAP Canada Inc., Toronto, CanadaSAP Brasil Ltda, São Paulo, BrazilSAP Public Services, Inc., Washington, D.C., USA 2)SAP Global Marketing Inc., New York, New York, USASAP México S.A. de C.V., Mexico City, MexicoSAP Andina y del Caribe, C.A., Caracas, VenezuelaSAP ARGENTINA S.A., Buenos Aires, ArgentinaSAP Retail, Inc., Scottsdale, Delaware, USA 1), 2)SAP Governance Risk & Compliance, Inc., Fremont, California, USA 1),2)SAP International, Inc., Miami, Florida, USA 2)TomorrowNow, Inc., Bryan, Texas, USA 2)Triversity Corporation, Bristol, Pennsylvania, USA 2)SAP Government Support and Services, Inc., Newtown Square, Pennsylvania, USA 2)Frictionless Commerce, Inc., Cambridge, Massachusetts, USA 1),2)SAP Georgia LLC, Newtown Square, Pennsylvania, USA 2)SAP Properties, Inc., Newtown Square, Pennsylvania, USA 2)Khimetrics Canada, Inc., Montreal, Canada 1),2)SAP Financial Inc., Toronto, Canada 2)SAP Investments, Inc., Wilmington, Delaware, USA 2)110405, Inc., Palo Alto, California, USAFrictionless Foreign Holding Company, Cambridge, Massachusetts, USA 1)ASIA PACIFIC JAPANSAP JAPAN Co., Ltd., Tokyo, JapanSAP Australia Pty Limited, Sydney, AustraliaSAP INDIA SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING PRIVATE LIMITED, Bangalore, India




---



##### 



SAP (Beijing) Software System Co., Ltd., Beijing, ChinaSAP Asia Pte Ltd, SingaporeSAP Labs India Private Limited, Bangalore, IndiaSAP Korea Ltd., Seoul, KoreaSAP MALAYSIA SDN BHD, Kuala Lumpur, MalaysiaSAP TAIWAN CO., LTD., Taipei, TaiwanSAP New Zealand Limited, Auckland, New ZealandSAP HONG KONG CO. LIMITED, Hong Kong, ChinaSAP SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING (THAILAND) LTD., Bangkok, ThailandPT SAP Indonesia, Jakarta, IndonesiaSAP PHILIPPINES, INC., Makati, PhilippinesTIM System Inc., Seoul, Korea 2)TomorrowNow Singapore Pte Ltd., Singapore 2)TomorrowNow Australia Pty Ltd, Sydney, Australia 1)Virsa Systems Private Limited, Chandigarh, India 1),2)Virsa Systems Australia Pty Ltd, Varity Lakes, Australia 1),2)SAPMarkets Asia Pacific Solutions Pte Ltd, SingaporeTriversity Asia/Pacific PTY Limited i.L., Sydney, Australia 2)SAP INDIA (HOLDING) PTE LTD, SingaporeII. EQUITY METHOD INVESTMENTSGlobal Virtual Marketplace GmbH i.L., Munich, GermanyPandesic LLC i.L., Newtown Square, Pennsylvania, USA 2)Procurement Negócios Eletrônicos S/A, Rio de Janeiro, Brazil 2)ArisGlobal Holdings, LLC, Stamford, Connecticut, USA 1),2)Greater Pacific Capital (Cayman), L.P., George Town, Cayman Islands 1)III. OTHER INVESTMENTS (ownership 5 or more percent)Abaco Mobile, Inc., Alpharetta, Georgia, USAApriso Corporation, Long Beach, California, USAAvokia, Inc., Toronto, CanadaDacos Software GmbH, Saarbrücken, GermanyDatria Systems, Inc., Englewood, Colorado, USADeutsches Forschungszentrum für Künstliche Intelligenz GmbH, Kaiserslautern, GermanyFactory Logic, Inc., Austin, Texas, USA




---



##### 



Grau DataStorage AG, Schwäbisch Gmünd, GermanyHUBWOO.com SA, Paris, FranceHuman Resource Management & Consulting Co., Ltd., Tokyo, JapanIgnite Technologies, Inc., Frisco, Texas, USAiTAC Software AG, Dernbach, GermanyMetallect Corp., Plano, Texas, USAMVP Strategic Partnership Fund GmbH & Co. KG, Munich, GermanyOnventis GmbH, Stuttgart, GermanyOpsTechnology, Inc., San Francisco, California, USAOrbian Corporation Ltd., Hamilton, Bermuda, USAParticle Computer GmbH, Karlsruhe, GermanyPowersim Corporation, Herndon, Virginia, USAQuestra Corporation, Redwood City, California, USAReva Systems Corporation, Chelmsford, Massachusetts, USARealize Corporation, Tokyo, JapanSelero, Inc., Denver, Colorado, USASocialText, Inc., Palo Alto, California, USASupplyOn AG, Hallbergmoos, GermanyT3C, Inc., Mountain View, California, USAVenture-Capital Beteiligung GbR mbH, Stuttgart, GermanyVisiprise, Inc., Alpharetta, Georgia, USAVoiceObjects Inc., San Mateo, California, USA1) Consolidated for the first time in 2006.2) Represents a wholly or majority owned entity of a subsidiary.3) Publicly traded.